Resorts World Las Vegas (RWLV), the U.S. flagship of Malaysian gaming giant Genting Berhad, saw revenues grow by 8% quarter-on-quarter to $180 million and EBITDA by 80% to $18 million in 2Q25, with the company pointing to improved hold and reestablishment of its VIP gaming segment.
While revenue was down 18% and EBITDA by 64% compared with the second quarter of 2024, Genting noted that it has been impacted by lower visitation and macroeconomic uncertainty which has affected overall visitation volume across Las Vegas. As a result, hotel occupancy in 2Q25 fell from 89.4% a year earlier to 80.2%. Average Daily Rate (ADR) was slightly improved, however, at US$265 compared with $257 in 2Q24.
